The year 2020 is proving to be more catastrophic with every passing day. Businesses have not only had to go through the unprecedented Covid-19 pandemic, but also various natural calamities such as cylones, wildfires and earthquakes as well as locust swarms across parts of the world and now the India-China border clashes spilling over to the business world with India’s ban on some Chinese apps.
Amid all this, there’s also been a big call for a focus on local apps, products and services. Startups are leading from the front in many key areas such as healthtech, genetic research, supply chain management as well as digitisation of businesses. The increasing adoption of technology even by SMBs and willingness of investors to support local innovation are some of the factors that are still giving hope to early-stage startups even in these times of crisis. Here are Inc42’s picks for June for the 30 early-stage startups to watch out for in the months to come.
30 Startups To Watch: June 2020
Startups in edtech, fintech, enterprise tech, and media and entertainment sectors have seen rising investor interest in the past few months, with agritech also drawing in investments, particularly in supply chain tech. A big trend in the Indian market is that startups these days are focussed on the needs of businesses in these times of crisis and this has been a major growth area in the weeks after the lockdown. A whopping 63% of the startups in our list this month are B2B startups, while more than half are in fintech, enterprise tech, media & entertainment and agritech.